Franco-Nevada Corporation
TSX:FNV.TO · Toronto Stock Exchange
-$10.83 today
Vol 0.75M · Avg 0.38M
Intrinsic Value
FNV.TO Intrinsic Value
Start with the valuation result. Compare the current market price with the system DCF estimate, then use the supporting sections below to decide whether the assumptions are reasonable.
Franco-Nevada Corporation
TSX:FNV.TO · Consensus of 4 models
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Valuation History
Is FNV.TO cheaper or more expensive than usual?
Review how the market has valued Franco-Nevada Corporation over time before deciding whether today’s discount or premium is unusual.
Price History
Dividend-adjusted closing price
Change
+33.44%
Period High
$382.29
Period Low
$210.33
Latest
$304.32
Analyst Targets
See where analysts expect FNV.TO to trade next
Compare the latest consensus target range with the current share price to understand how much upside or downside Wall Street is pricing in.
Wall Street Price Targets
1-year price history with analyst consensus target
Current
$304.32
Low Target
—
Avg Target
—
High Target
—
Upside (Avg)
—
Alternatives to FNV.TO
Compare Franco-Nevada Corporation with similar companies
A stock can look attractive in isolation and still be less compelling than a peer. Check competitors before committing to the thesis.
Competitors
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Fundamental Analysis
Capture the investment case and test company quality
Write down the key idea, risks, and what would change your mind. Then review growth, profitability, returns, owner payouts, and insider activity.
My Notes
Journal entries for FNV.TO
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Quality Snapshot
Start with the numbers that compound value
Check whether earnings, revenue, equity, cash, and returns on capital are moving in the same direction as your written thesis.
Big Five Numbers
CAGR by period · ROIC shows average
| Metric | 10yr | 5yr | 3yr | 1yr |
|---|---|---|---|---|
EPS | N/A | N/A | -39.1% | -77.1% |
Revenue | N/A | N/A | +1.3% | +0.3% |
Equity | N/A | N/A | -2.9% | -10.9% |
Cash | N/A | N/A | -38.2% | -74.8% |
ROIC | N/A | 1.4% | 1.5% | 0.7% |
Analysis
Latest growth is strongest in ROIC at 0.7% and weakest in EPS at -77.1%. Three-year average ROIC is 1.5%, which helps show whether that growth is being earned efficiently.
Growth Profile
Compare historical growth with forward expectations
Strong past growth matters more when analysts still expect the business to expand without relying on one temporary driver.
Growth Analysis
Historical CAGR & forward analyst estimates
| Metric | 10yr | 5yr | 3yr | Fwd Est. |
|---|---|---|---|---|
| EPS | N/A | N/A | -39.1% | +31.5% (15yr)1 analysts |
| Revenue | N/A | N/A | +1.3% | +12.5% (15yr)2 analysts |
| Net Income | N/A | N/A | -37.9% | +33.5% (15yr)2 analysts |
| EBIT | N/A | N/A | -27.2% | +23.4% (15yr)2 analysts |
Analysis
Recent growth has been strongest in Revenue at +1.3% over three years. Forward estimates point to Net Income at +33.5% (15yr), giving you a quick check on whether expectations are accelerating or cooling.
Earnings Quality
Follow revenue through to net income
Use the waterfall to see which costs, margins, and operating lines explain how much of each sales dollar becomes profit.
Stock Ticker Earnings Waterfall
TSX:FNV.TO · Revenue to Net Income
Key Ratios
Analysis
$2.1B of revenue converted into $1.4B of net income for the selected period. Gross margin is 76.0% and net margin is 64.9%, showing how much revenue survives after costs and taxes. EPS is $7.08, tying the income statement back to per-share earnings.
Capital Efficiency
Measure how well Franco-Nevada Corporation turns capital into returns
Returns on equity, invested capital, and assets help separate durable operators from businesses that only grow by adding more capital.
Return Metrics
ROE, ROIC & ROA over time
ROE
14.8%
avg 5.7%
ROIC
12.8%
avg 5.8%
ROA
13.8%
avg 5.4%
Analysis
ROE is currently the strongest return metric at 14.8% versus its period average of 5.7%. 2 of 3 return metrics are above their quality threshold, which helps indicate how efficiently the company turns capital and assets into profit.
Owner Returns
Review how cash comes back to shareholders
Dividends, buybacks, and debt paydown show whether excess cash is being reinvested, returned, or used to strengthen the balance sheet.
Shareholder Returns
Dividend, buyback & debt paydown yields
Dividend Yield (TTM)
0.52%
Buyback Yield (TTM)
0.00%
Debt Paydown (TTM)
0.00%
Total Yield (TTM)
0.52%
Analysis
Total TTM shareholder yield is 0.52% including 0.00% from debt paydown. The largest current contributor is dividends at 0.52%, which helps show whether capital returns are coming from direct cash payouts, share count reduction, or balance sheet cleanup.
Dividend Record
Check payout durability before counting on yield
A dividend is more useful when growth, payout ratio, and free cash flow support the current yield.
Dividends
Dividend history, growth & yield
Yield
0.75%
Annual Div/Share
$2.27
Payout Ratio
20.7%
Frequency
Quarterly
Shareholder Yield
0.47%
Next Ex-Date
Not announced
Next Payment
—
1Y Growth
+10.3%
3Y CAGR
+8.5%
5Y CAGR
+10.6%
Dividend Payments, Annual Total (TTM) & Yield
Analysis
The current indicated dividend yield is 0.75%, with TTM dividends of $2.27 per share. Three-year dividend growth is +8.5%, which helps show whether payouts are compounding or flattening. The payout ratio is 20.7%, so compare payout growth against earnings coverage. Payments are currently quarterly.
Company Overview
Understand how Franco-Nevada Corporation makes money
Finish by grounding the numbers in the company profile, leadership, balance sheet, and free cash flow.
Key Information
Leadership
Put the business in management context
Company facts explain what Franco-Nevada Corporation does; leadership context helps you judge who is responsible for capital allocation and execution.
Management
Key executives, compensation & ownership
| Name | Title | Compensation | Tenure | Age | Shares Owned | Ownership % |
|---|---|---|---|---|---|---|
Paul Brink | President, Chief Executive Officer & Director | $2.77M | — | 58 | — | — |
Sandip Rana | Chief Financial Officer | $1.72M | — | 53 | — | — |
Eaun Harrison Gray | Chief Investment Officer | $1.62M | — | 43 | — | — |
Lloyd Hyunsoo Hong | Chief Legal Officer & Corporate Secretary | $1.48M | — | 53 | — | — |
John Blanchette | President of International | $583,772.00 | — | 48 | — | — |
Pierre Paul Lassonde | Co-Founder & Chair Emeritus | $47,102.00 | — | 78 | — | — |
Traci Schweikert | Chief Talent Officer | — | — | — | — | — |
Candida Hayden | IR Contact | — | — | — | — | — |
Adrian Wong | Vice President of Tax | — | — | — | — | — |
Chris Bell | Vice President of Geology | — | — | — | — | — |
Nalinie Mahon | Vice President of Finance & Operations at International | — | — | — | — | — |
Bonavie Tek | Vice President of Finance & Investor Relations | — | — | — | — | — |
Kevin McElligott | Managing Director of Australia | — | — | — | — | — |
Insider Trading
SEC Form 4 transactions — last 12 months
No insider transactions in the last 12 months.
Financial Position
Check what supports the company underneath the income statement
The balance sheet shows liquidity, debt, asset mix, and book value quality before you rely on earnings or growth assumptions.
Balance Sheet
Assets, liabilities & equity
| Cash & Equivalents | $382.3M |
| Short-term Investments | $332.9M |
| Receivables | $280.5M |
| Inventory | $700.5K |
| Other Current | $131.6M |
| Total Current Assets | $1.1B |
| PP&E (Net) | $6.3B |
| Long-term Investments | $1.3B |
| Tax Assets | $19.8M |
| Other Non-current | $2.1M |
| Total Non-current Assets | $7.7B |
| Total Assets | $8.8B |
Analysis
Selected assets total $8.8B for Latest. The largest visible component is PP&E (Net) at $6.3B, about 71.8% of the tab total. Use the mix to judge balance sheet concentration, liquidity, leverage, and how much of book value is supported by tangible operating assets.
Cash Generation
Finish by testing whether profit turns into cash
Free cash flow connects accounting earnings to owner earnings, showing how much cash remains after reinvestment needs.
Free Cash Flow
Net Income to FCF bridge
Analysis
Analysis will appear once cash flow data is available for this period.
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